The Manchester based legal tech firm has secured backing from Maven Capital Partners and Charles Sharland to drive product development and international expansion.
"We have a truly unique tech product that is set to transform the legal industry, so it has been excellent to have had the support from NPIF and Maven to recruit the expertise we need to bring the product to market quicker. It is already generating a buzz within the legal tech space, so the Summize platform is well-equipped for a busy 2020, with a new team and more software features. We are excited to see where it takes us!"
The seed round was led by Fuel Ventures with backing from Epiphany Capital and angel investors to support international expansion and product development.
"The demand for increasingly more realistic and content-rich productions, especially in games and film projects, has put a huge strain on resourcing. Vast armies of skilled talent are required to produce worlds of immersive content. Finding and retaining that talent has become a huge challenge."
Crowdcube led the follow-on investment round, with additional backing from Insurtech Gateway, Finance Durham Fund, and the North East Development Capital Fund.
"Raising investment is one of the most challenging aspects of running a startup, and we’re delighted to have achieved this £1.2m raise with the continued support of Maven and with further investment from the crowd. We’re also thrilled to welcome Insurtech Gateway to the honcho family. As specialists in our sector they will bring an immense amount of support to honcho as we enter our next phase of growth. Insurtech Gateway’s expertise across the sector extends from technological capabilities to expertise on products and consumer acquisition, and we’re looking forward to working with them."
The data privacy platform aims to accelerate international expansion and increase headcount following backing from Warburg Pincus.
"Large enterprises in regulated industries like financial services and healthcare have been early adopters of data privacy solutions, but all companies should look for ways to use data more safely and more effectively. Managing sensitive data at enterprise scale and complexity is a real challenge for even the most sophisticated data organizations. By automating the enforcement of data protection strategies, Privitar’s platform makes this achievable in any data-driven organization. We are excited to partner with Warburg Pincus as we continue to pioneer the category."
MMC Ventures led the Series A investment with co-investment from Forward Partners to support scaling as demand for real-time services grows.
"This funding allows us to really ramp investment in the platform and build more features that we know developers need to further integrate into other event-driven platforms and support more open protocols."
